Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: johnd who wrote (28988)	9/1/1999 4:56:00 PM
From: johnd	Respond to of 74651

Also, regarding the story on puts sold, just 10 days ago, msft was 83 and the company could have made a lot more money selling those puts then. I think they were just rolling them to the ones with larger premium so that they can buy back shares when it drops to 80s again. The strikes of 62, 70 were interesting. They are far deep out of money that they won't get excersized. For example, last year when msft hit 44, the company had put strikes at 45. I am pretty sure they will use the proceeds to buy back the shares in mid to low 80s. I can bet that msft is not buying shares back right now. Not at 66 PEs. Last Q they bought at around 80/share. This Q they probably will do so around 82 - 83.